A
Sums
of rupees 1200
is lent for 2 years at the rate of 5%
per annum
Find simple interset interest & amount
Answers
Answered by
3
Answer:
Simple Intereste= 120 and Amount = 1320
Step-by-step explanation:
let,
Principal= 1200
Rate= 5%
No. Year= 2
therefore, SI= PRN/100
= 1200×5×2/100
= 120
therefore, Amount= SI+Principal
= 120+1200
=1320
hope you understand it.
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